Since Climategate, Wall Street predators have been taking their lumps along with corrupt scientists ... the difference between the two is that scientists deal in reputation and modest fortunes ... Wall Street deals in great heaps of Goldman Sachs size USD:
Touted by its supporters as the best and cheapest way to fight global warming, carbon trading is losing momentum amid the uncertainty created by the failure of the Copenhagen summit meeting and President Barack Obama’s political troubles in the United States.Investors are steering clear of energy-saving projects meant to generate carbon credits, and traders in Europe are hunkering down through a period of consolidation that is disappointing to those who had hoped carbon markets would grow quickly into a $2 trillion-a-year business.
... somehow I don't think that Paulson, Gore, Condi Rice, and all the other Climate Exchange investors are going to take this lying down.
... meanwhile, back at the ranch, Canada puts its plan in place.
Canada's system: DOA in my opinion - greenhus gazzes are no longer an issue.
"Touted by its supporters as the best and cheapest way to fight global warming,"
I burst out laughing when I read that statement! Of course the "supporters" claim the carbon credits exchange is the best way!
They stand to make billions off of it!
Disappointingly, Canada seems to be completely unaware of the main topic at this website for the last couple of years, the SCAM of AGW. I gave the SDA address to the chairman of my local MP's board,and hopefully he'll pass it on up the ladder, but so far, Prentice and Harper seem totally oblivious to the whole exposee.
Maybe they don't want to lose any opportunities to impose new taxes.
Now if any of our MSM have any integrity left, the whole story should be front and centre for the next few weeks, just like a sports star's sex life has been lately.
Does everyone remember sub-prime mortgages as toxic assets in derivatives?
These Carbon Assets are buried all over the place too. This is unraveling, but there will be resistance to ripping them out of the market quickly.
Big financial institutions don't want to look at this right now, but they will have to.
It makes me sick how deep this scam went,and how a viable G8 country like Canada got taken. (and still is)
Brazil gets a pass on this scam?? And we have to compete with them? (gagging with fingers down throat)
Dead? Hardly... tier 4 diesel engines are just one example.
The roots already run deep and here in Ontario I think it's a race to beat California for the "green ribbon" .
The last comment I remember from a CAT rep at a meeting on engine emissions and the new regs is " it's here so we might as well deal with it as whine".
Just another white flag so anyone that thinks that the battle is over isn't thinking clearly, and until big business puts up a fight instead of rubbing shoulders with government over expensive dinners,progressive change in a real sense is going to be a long time coming.
Mugs:
You are correct. It will take a long time to turn this around.
Never let the facts stand in the way of a political machine in motion.
There are plenty of entrenched interests within the bureaucracies that will carry on despite last of scientific evidence from the AGW utopian totalitarians.
That's where the final battle for scientific truth has to be fought.
Starve the bureaucracies!
After all the IPCC smoke clears, it will interesting to see how AGW puzzle pieces fit together. Bloggers and alternative media have probably barely begun to scratch the surface of the toxic mix of investment, science, big business, MSM and politics.
Someone should start a betting pool as to when the most adamant MSM warmers (J.Simpson, A-M Tremonti?) admit some doubt in the settled science.
It doesn't matter. When truth and public policy collide the truth rarely wins. The oil sands are going to remain a bugaboo. If it were the only source of CO2 and pollutants in the country and the rest of us stopped breathing it would still be criticized. Ok so the greeners will never be satisfied. The problem is the 'what if we are wrong' crowd. Smarter but relying on the MSM for information. I fiqure if we are pithing the money away then some of the pressure will be on to correct the problem where it occurs. That should create jobs in the field. We don't need more BS.
A lot of people are making good money on BS and will be reluctant to give it up. Less talk.. more action. If we have to do it anyway at least make it productive.
How come you guys up north can't spell "ton"?
Not sure if this could work but what if......
What if when a business - whatever business - be it manufacturing, oil sands development, coal gasification - whatever it is - once they reached their allowable carbon limits for the year just simply handed everyone a lay-off notice and told them to come back January 2nd.
How long do you think it would take Ottawa to cry "Uncle!!!!!!!!!!"
sorta 39 - How come you guys down there can't spell "labour, neighbour, savour, favour"? I think you get my drift. I guess we like our words with more letters in them.
Actually a "ton" is two thousand pounds. A metric "tonne" is 2200 pounds.
In case you hadn't noticed we're on the Metric system up here.
A Different Bob:
"How come you guys down there can't spell "labour, neighbour, savour, favour"? I think you get my drift. I guess we like our words with more letters in them.
Actually a "ton" is two thousand pounds. A metric "tonne" is 2200 pounds.
In case you hadn't noticed we're on the Metric system up here."
A Different Bob: you are obviously a gullible tool of the vast printers' ink manufacturing conspiracy.
LOL - You sound like my wife. She's always calling me a "tool".
hmmmmph!....MY wife is always praising my tool....
well, not always...but often...okay,not really often ....once in a while actually....not too long a while either ....
a different bob @ 3:36
a short ton is 2,000 lbs; a ton is 20 cwt (hundredweight). A cwt is 112 lbs (go figure; i think it has something to do with the Brit weight of "stone")making a ton 2,240 lbs.
sorta 39. We are officially metric unless you are six feet tall, need a 2x4 or a 2-4,a 101/2 shoe and a few odd sorts. It's what makes us difficult.
Wow, it's a shame nobody tried to tell anyone last February about the likelihood that carbon credit prices would collapse when confidence in the AGW thesis declined and - since only a moron buys stocks on the downtick when there's no possibility of a recovery - never return to previous highs. Oddly, the price of a tCO2E on CCX plunged by 97% between March and October of last year. Go figure.
Gee, you'd almost think that "value" is a relative linked to confidence and is set by the marketplace, rather than an absolute mandated by a price-fixing government in a tax-siphoning scam that will make gambling, booze and tobacco taxes look like pocket change. Of course, seeing this sort of thing coming takes an understanding of irrelevant disciplines like economics, history, and empirical science.
Of course, those aren't REAL sciences like "climatology".
Well, that ought to keep the Greenies happy . . . until we can shelve that garbage forever.
You keep your fancy big city calculations to yourself Norm. I'm quite content to deal with a hogs head as a measurement. 1 hogs head of ale every fortnight at a cost of thrupence per head. No need to complicate things.
Does everyone remember sub-prime mortgages as toxic assets in derivatives?
~G
The difference is that houses are real and carbon offsets aren't.
When the carbon offset market collapses, it won't leave an inventory behind or a still existing physical market, just a bunch of ripped off investors.
Everyone who is invested even tangentially will be hurt, but those who made targeted investments in the scam will be hurt badly, which is as it should be.
How come you guys up north can't spell "ton"?
~sorta39
How come you guys can't spell "regardless"?
What does "irregardless" mean?
"Regard" is a word.
"Regardless", the opposite of "regard", is also a word.
"Irregardless" is not a word, but some people, Americans, use this non-word all the time in the place where the word regardless should be used.
Why the extra prefix on "regard" when the suffix "less" already modifies the root meaning?
Al Gore's Weather (AGW) Farcebook.
...-
"Climategate Investigation Whitewash: Third Panel Member Exposed As Warmist
“Impartial” inquiry descends into farce
The so called “independent” investigation into the climategate emails scandal has descended into farce before it is barely off the ground as a third member of the six man panel has been revealed to hold strong views on human induced climate change.
The impartiality of glaciologist Geoffrey Boulton has been questioned after he admitted he firmly believed that human activities were causing global warming.
Professor Boulton, who was officially appointed to the investigative team by civil servant Sir Muir Russell, has also written numerous articles indicating a strong belief in anthropogenic warming."
"The controversy comes within hours of the resignation of another member of the so called “impartial” panel. Dr Philip Campbell, editor-in-chief of Nature magazine, stood down on Thursday, after it was disclosed he had previously given an interview in which he defended the actions of researchers at the CRU."
"Both cases come as little surprise, given that the head of the “investigation”, Muir Russell, is a member of one of the most vehemently pro man-made global warming advocacy organizations in Europe.
While absurdly billing himself as impartial and unconnected to climate science, Russell is intimately involved with The Royal Society of Edinburgh.
The RSE has thrown its weight behind the global warming movement, lending its absolute support for legislation aimed at reducing carbon emissions by 80%, a process that will devastate the global economy and living standards.
This organization has been even more vehement than national governments in its advocacy of the man-made cause of global warming, calling for such drastic CO2 cuts to be made in the short term, not even by the usual target date of 2050."
http://www.prisonplanet.com/climategate-investigation-whitewash-third-panel-member-exposed-as-warmist.html
While americans have learned to build tanks they have yet to learn how to spell armour.
But then again they confuse Kenyan with American.
First they changed aerodrome to airfield/airport, aeroplane to airplane and aerofoil to airfoil....then they name their fascists democrats.
Revolting people......
RESIST THE NEW WORLD ORDER
I hope the name of the Aero chocolate bar remains unchanged.
Speaking of tools, when are PMSH and Saskatchewan's governments going to realize and publicly acknowledge they have been had?
My MLA, the Environment Minister, send out a blurb to her constituents and in the Environment category listed "Pass climate change legislation that targets a 20% reduction in greenhouse gas emissions by 2020". There must have been too much Kool-aid served in the Ministry of Environment's cafeteria.
[quote]There must have been too much Kool-aid served in the Ministry of Environment's cafeteria[/quote]
Has anyone considered that the CBC, Civil Service & MP pensions have already been converted to Carbon Credits.....(Gore's finder fee) They seem to be buying time to unload something...
F.O.I. request may answer that question....
BTW: Trump demands GORE return Nobel Prize.. in LA speech
Reaction to Trump speech on Huff Post gives a clue to how the utopian totalitarian's counter-attack against science will be played out.
Trump may or may not gone after all the IPCC embellishments, but used the snowstorms to build his case that Gore should be stripped of his Nobel, a sentiment I totally agree with.
Predictably, one of the counter-attacks was about not enough snow in Vancouver. even though it was the great (just ask him) David Suzuki who said something like ... all you have to do is look out your window to see proof of global warming.
Mugs and SYF:
The stiking down of McCain Feingold is going to change the political passiveness of many businesses and soon. Stay tuned, the lead-up to november could see some pols make some pretty public statements on these anti-business issues.
Gord:
We can only hope the change will be permanent.
Of course, it will strengthen the anti-corporate crowd.
[quote]David Suzuki who said something like ... all you have to do is look out your window to see proof of global warming.[/quote]SYF
Since he spends all his time Butt-Snorkeling, he must be talking about Gore's rear window
Oz - irregardless of what you might think Americans do not have exclusive use of that word. I hear it from my fellow Canadians all the time. Bugs me too.
a different bob, one culture always adopts another cultures vices long before it adopts it's virtues.
I call it "taking the pathos of least coexistence."
Earliest known writing of "irregardless" was found in a paper in Portmouth Ohio in 1874.
Use of double negative employed by both prefix and suffix is thought to have been inspired by the desire to add emphasis to the meaning of the word "regardless".